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Avoid Taxman Rain On Your Short-Term Letting Income

Income from Short-Term Property Letting

Declare your income from short-term property letting to HMRC before their One to Many (OTM) Letter Campaign catch you.

Where to start? Our experts will guide you.

What our clients say about us

Testimonials

Spearheaded by the UK's polished professional bodies, ACCA and CIOT, we vouch that we render the best service from our qualified and regulated accountants and tax advisers.

Why Care about Short Term Property Letting!

HMRC's Short Term Property Letting Campaign Highlights

The objective of this campaign is to detect individuals who might have earned income from short-term property rentals but did not disclose it in their tax filings.

Custom Letters

Landlords receive personalised letters prompting them to evaluate their tax records and report short-term rental income.

Tax Complaince

This effort is a component of HMRC's broader campaign to close the tax gap and address non-compliance issues.

Reduced Penalties

Landlords can voluntarily disclose their income and receive lower penalties through this one to many campaign.

Why Choose Us

We are specialist accountants and tax advisers for your property business! The service delivered by our qualified and experienced team is tailored as per your needs. Our accomplished tech-embedded service with exceptional property tax insight makes us stand out from the rest.

Certificate of Tax Position

We can assist with filing the 'Certificate of Tax Position', which must be submitted within 30 days of receiving the One to Many Letter from HMRC.

Digital Disclosure Service(DDS)

We can assist you with DDS, ensuring that you comply with HMRC's regulations and requirements for disclosing your income and assets.

Quick Service

Our experienced professionals will be at your Service Immediately, providing you with the necessary assistance with your short-term property letting matters.

Free Consultation

Avail the opportunity of our complimentary 15-minute tax consultation with our property tax experts, available to you for the first time.

Expertise

Our team of tax professionals are experienced in DDS and can provide personalized service in handing your short-term property letting matters.

Competitive Pricing

Our competitive pricing ensures that you receive excellent value for your money, without compromising on the quality of our services.

Our process

How We Work

An OTM letter can be a serious matter, with potentially severe consequences for non-compliance. Our team understands the complexity of these situations and can provide you with the guidance and support you need to resolve the matter as quickly and smoothly as possible.

Tax Position Assessment

We review your tax status to determine whether there are any outstanding tax liabilities related to your income from short-term property letting.

Certificate of Tax Position

As per your tax status, we will complete the 'Certificate of Tax Position' form provided by HMRC. It's important to note that this should be done within 30 days of receiving the OTM letter from HMRC.

DDS Registration

We will inform HMRC of your intention to disclose your income from short-term property letting through Digital Disclosure Service.

Tax Liabilities Calculation 

We will compute the amount of tax owed for any unreported income from short-term property lettings, considering your allowable expenses and allowances.

Formal Disclosure

After calculating the tax due, we'll submit a formal offer to HMRC by filling out the disclosure form and providing details of any previously unreported income from short-term property lettings.

Payment

Upon receiving acknowledgement from HMRC, we'll guide you on settling your tax liabilities and assist in requesting an extension to the payment deadline if necessary.

See How We Helped!

You're in good company


martha Jones

Landlord 

£2,446 Saved!

Martha, a landlord with two short-term rentals, received an OTM letter from HMRC for £55,000 in unreported rental income in 2021/22.


We helped her complete a "Certificate of Tax Position" and suggested using the Rent a Room Relief scheme to earn £7,500 tax-free. This reduced her taxable rental income to £47,500, lowering her tax bill to £6,986, saving £2,446 from the previous £9,432.

Shawn parker

Consultant

£7,500 Tax Free Income! 

Shawn, a self-employed consultant, earned £8,000 from renting out his home on Airbnb while away on business trips during the tax year.


We advised him on his tax obligations and explained to him how he might take advantage of the Rent a Room Relief scheme. With this scheme, he could earn up to £7,500 without having to pay any taxes on it, and he would only have to pay taxes on the remaining £500.

Jessica Sanders

Airbnb Host

£3,946 Saved!

Jessica earns £60,000 from her three Airbnb rentals as a full-time host. She worried about minimising her tax liability and following all tax laws. We helped  Jessica claim all deductions and costs.

 

We were able to reduce her taxable rental income to £50,000. Based on this figure, she owed £7,486 in taxes, which we helped her to pay in a timely manner. This allowed her to save £3,946.

Here is our awesome team

At UKPA, it is done by a team of people evolved from different walks of life. Trained and experienced in property and real estate tax, accounting and compliance matters, most of them are qualified as Chartered Accountants, Chartered Tax Advisers or Chartered Financial Analyst.

Lisha Shrestha - Our People | UKPA
Lisha Shrestha

Lisha acquires a professional degree in Associate of certified chartered accountant  degree. Lisha has a significant  years of experience in auditing, accounting.

Merisha Shrestha

Merisha holds an Association of Chartered Certified Accountant (ACCA) degree with over 5 years of experience in auditing, accounting and compliance fields.

Prasun Shrestha - Our People | UKPA
Prasun Shrestha

Prasun is a Chartered Accountancy student with strong analytical and problem-solving skills, experienced in dealing with UK clients.

Alisha Shrestha | Our People - UKPA
Alisha Shrestha

Alisha has recently completed her ACCA degree. Besides, she is pursuing academic bachelor’s degree in Business Studies and is on her final year.

Our Blogs

Read Our Short-Term Letting Articles

A Complete Guide to Short-Term Property Letting Income

HMRC launched the One to Many (OTM) Letter Campaign to identify and collect taxes on undeclared income from

More
A Complete Guide to Short-Term Property Letting Income

Tax on Airbnb Income

Airbnb hosting has become popular in recent years with increasing number of landlords in London and outside London

More
Tax on Airbnb Income

Contact us

Do you have anything in your mind to tell us? Please don't hesitate to get in touch to us via our contact form.

  • Salisbury House, 29 Finsbury Circus, London, EC2M 7AQ
  • contact@ukpa.co.uk
  • 0207 1297 588
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